Crescentis Capital rights issue: up to Rs 80.00 cr approved

Crescentis Capital Limited has moved ahead with a fund-raising plan via a rights issue, approving an issue of equity shares to existing shareholders for an aggregate amount of up to Rs 80.00 cr.

According to the board's outcome letter dated September 30, 2026, the Board of Directors, at its meeting held on Wednesday, September 30, 2026, has approved a rights issue of fully paid up equity shares of face value Rs 10 each ("Rights Equity Shares"). The issue will be made to eligible equity shareholders as on a record date that will be determined and notified later.

Key terms

• Type of action: Rights issue of equity shares
• Security: Equity Shares of the Company with a face value of Rs 10 each (as per Annexure A, S. No. 1)
• Issue size: Aggregate amount of upto Rs 80.00 cr (Rupees Eighty Crores only), including premium (board's outcome letter point 1 and Annexure A, S. No. 3)
• Type of issuance: Rights issue to the eligible equity shareholders of the Company, as on the record date (Annexure A, S. No. 2)
• Issue structure: The total number of Rights Equity Shares to be issued will be determined upon finalisation of the issue price and the rights entitlement ratio (Annexure A, S. No. 2)
• Record date: To be determined and notified subsequently (board's outcome letter point 1)

The company has stated in the board's outcome letter that the rights issue will be carried out "in accordance with applicable laws, including the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"), subject to such regulatory and statutory approvals, as may be required under the applicable laws."

The Board also approved the Draft Letter of Offer for the rights issue, in accordance with the provisions of the Companies Act, 2013, the SEBI (ICDR) Regulations and other applicable laws. As per point 2 of the outcome letter, the Draft Letter of Offer has been authorised to be filed with BSE Limited for seeking in-principle approval for listing of new shares arising pursuant to the rights issue.

Eligibility and timetable

Eligibility for the rights issue will be based on shareholding as on the record date, which the company has not yet announced. The outcome letter specifies that the rights issue is to "eligible equity shareholders of the Company, as on the record date (to be determined and notified subsequently)."

The filing does not provide the issue price, rights entitlement ratio, opening and closing dates of the issue, or the expected date of allotment. These details are expected to be set out in the Letter of Offer and subsequent communications once regulatory and statutory processes progress.

The board's outcome letter also notes that the Board "considered the updates received from, and noted the progress made by, the Fund Raising Committee of the Board in connection with the proposal for raising funds" before approving the rights issue structure and the Draft Letter of Offer.

Investors tracking Crescentis Capital Limited should watch for further announcements from the company and from BSE Limited regarding the record date, detailed terms of the rights entitlement, and the full timetable of the issue.